Normalization

[Apprentice]

Having trouble comparing two values ​​of Price Action or indicator value.
Values ​​may be the same, but Market conditions have changed,
Normalization is one of the tools that can help you in comparison.
This indicator provides three methods of normalization, "Standard Deviation," "ATR" and "Historical Range." Tickle version do not have ATR filter.
In his article "Normalization", Brian Bell introduces few methods for normalizing market Data.
As indicator source we use smoothed price.

Normalization.lua

(3.21 KiB) Downloaded 775 times

NormalizationTick.lua

(2.24 KiB) Downloaded 592 times

[Apprentice]

These versions allow it to normalize unsmoothed data.
Historic algorithm, It is only available

Normalization Tick.lua

(2.21 KiB) Downloaded 629 times

Normalization Bar.lua

(2.21 KiB) Downloaded 576 times

[Apprentice]

This version allows you to use other time frames, currency pairs.
The proposed method of use.
Add several currency pairs on same chart.
This will show you in which phase is chosen currency
compared to other currencies.

MTF MCP Normalization.lua

(4.43 KiB) Downloaded 630 times

[Apprentice]

This version allows you to compare, price action for the various instruments on Price Chart.

Price Normalization.lua

(4.44 KiB) Downloaded 689 times

[Apprentice]

Minor Update.

[Apprentice]

Indicator was revised and updated.

[Apprentice]

The Indicator was revised and updated.